| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w25719 |
| 来源ID | Working Paper 25719 |
| Labor Market Power | |
| David W. Berger; Kyle F. Herkenhoff; Simon Mongey | |
| 发表日期 | 2019-04-01 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | To measure labor market power in the US economy, we develop a tractable quantitative, general equilibrium, oligopsony model of the labor market. We estimate key model parameters by matching the firm-level relationship between labor market share and employment size and wage responses to state corporate tax changes. The model quantitatively replicates quasi-experimental evidence on (i) imperfect productivity-wage pass-through, (ii) strategic behavior of dominant employers, and (iii) the local labor market impact of mergers. We then measure welfare losses relative to the efficient allocation. Accounting for transition dynamics, we quantify welfare losses from labor market power relative to the efficient allocation as roughly 6 percent of lifetime consumption. An analytical decomposition attributes equal parts to dead-weight losses and misallocation. Lastly, we find that declining local concentration added 4 ppt to labor’s share of income between 1977 and 2013. |
| 主题 | Macroeconomics ; Consumption and Investment ; Labor Economics ; Labor Market Structures |
| URL | https://www.nber.org/papers/w25719 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/583391 |
| 推荐引用方式 GB/T 7714 | David W. Berger,Kyle F. Herkenhoff,Simon Mongey. Labor Market Power. 2019. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w25719.pdf（2095KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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